NCRTC is expected to be incorporated with an initial capital of Rs 100 crore and will be headed by an independent chairman. Its co-chairman will be secretary in the department of urban development.
The ministry of urban development and the railways are expected to hold 22.5 per cent each in the corporation, while the NCR Board is expected to hold five per cent. The remaining 50 per cent is expected to be held equally by the state governments of Uttar Pradesh, Delhi, Rajasthan and Haryana.
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For DMS, officials said a fresh proposal has been prepared after extensive studies and analysis by independent agencies. The cabinet had some time back given in-principle approval to the department of agriculture to corporatise DMS and directed it to prepare broad contours of the corporatisation plan and get it approved.
Officials said following extensive consultation, a plan had been prepared to infuse new life into the beleaguered corporation, after an earlier proposal did not find support from the finance ministry. DMS, which has, of late, been in the news for mounting losses and inefficient operations, made a surprise turnaround in 2012-13.
And for the first time in many years, showed a working surplus. The milk scheme, which was started in 1959, made a surplus of 10 crore in FY13.
In FY12, DMS had a net deficit of Rs 28.26 crore, while the same was Rs 8.99 crore in FY11 and Rs 24.15 crore in FY10. The scheme's cumulative losses though, continue to remain high. It stood at Rs 838.66 crore in 2011-12, Rs 814.43 crore in 2010-11 and Rs 782.32 crore in 2009-10.
DMS has a milk production and packaging capacity of 5 lakh litres per day, besides a network of 1,298 outlets in NCR. The government-owned dairy unit has 800 employees, but the milk production is only 2.75 lakh litres per day.